C.S. Krishnamurthy

The Indian economy appears stronger than the nervousness visible in the stock market might suggest. Corporate earnings are improving, domestic demand remains reasonably resilient and several sectors are reporting healthy growth. Yet investors are facing an unusual mix of risks: crude oil is moving towards $100 a barrel, global bond yields are rising, foreign investors have turned sellers again and parts of the Indian market remain expensive. That leads to a simple investment message: India's...

The incident lasts barely a minute. A woman is harassed in public. Heads turn, eyes notice, feet hesitate. Someone reaches for a phone; another walks away. “Don’t get involved,” someone mutters. The crowd becomes a wall of silent faces. Then it ends. She carries the memory home. The perpetrator disappears. The witnesses resume their lives. But did the crowd witness an injustice, or merely watch one? Citizen journalist Meera Vijayann’s own experiences, shared in her TED Talk, provide a...

There is something reassuring about a spade. It does not ask who is holding it before doing its job. It digs where it is told to dig. A hole made by a government worker is no different from one made by an opposition worker. The earth, fortunately, has no political affiliation. That simple image offers a useful way of looking at the Cockroach Janata Party, or CJP, a youth-led movement that has emerged around concerns over education, employment and accountability. Its significance may...